St Jude Children Hospital Business Plan

St Jude Children Hospital is a large organization with many children in need of help. Developing a fundraising plan is beneficial in helping the organization raise funds. Start by evaluating a plan. The plan will identify the organization assets; embrace the organization weaknesses and strengths. Develop a precise strategy to follow. Most importantly measure the success of the fundraising plan by focusing on feedbacks and funds collected. At first, we will identify St Jude assets. Evaluating the asset is beneficial in attracting supporters and funders. Identifying the assets not only includes organization funds but also includes skills, people, and experience. Supporters and Funders are most interested in donating when there’s a good asset history. As we prepare to fundraise for St Jude we would make sure there aren’t any assets discrepancies. Ensure there are enough funds available to start a fundraising event. Make a list of what’s important
and needed for the event to take place. Find reasonable prices to add towards the budget. Set a goal to achieve. Evaluate staff board and volunteer’s skills and personalities and identify their strengths. Placing staff board and volunteers in the proper position will help raise funds. Having people on your team that’s familiar with raising funds is also a good because they have experience. Experience staff can bring in new donors. Embracing the organization strengths and weaknesses will help the organization fundraiser events.
Recognizing board negatives and turning them into positive is strengthening the fundraising methods. Try and boost board members confidence by improving their fundraising skills with training classes. Listing assets will help identify your organization weakness and strength. Make a list with people names in columns and list all relevant assets that these people supported in previous years. Add another list with assets type, asset description, and possible fundraising use. After creating fundraising list we will know how much income is needed to proceed with planning the event. Start by calculating how much money is needed to raise. After calculation, I will subtract the total amount needs from the coming year, from the amount that you can count on receiving, such as committed grants and fees for services that's provided. The reason for this calculation is mainly to see how the organization can improve their
mission. Measuring the success of the fundraising campaign is most important on how much funds were collected. Positive feedback about the organization purpose and goals helps measures the event. Once the fundraising event is over it’s best to always make donors feel comfortable by sticking with a precise strategy plan and follow the mission. Always send thank you correspondence to donors so they can feel welcome. Counting how many people appear at the events is important because that measure how much people are interested in our mission. How much expenses didn’t need to be spent? Calculate how the budget after the event is over to see if there’s a negative or positive balance. If there’s a positive balance the event went well. If there’s a negative balance then the event didn’t go well. Evaluating a plan and the success of a fundraising event take time and patients but as long as there’s team work everything can get done accordingly.